Portland Grain Review 02/11

February 11 2025 Portland Price Trends 01-01-24 08-01-24 01-01-25 02-04-25 02-11-25 #1 SWW (bus) 6.65 5.65 5.90 6.05 6.15 White Club 7.15 5.65 6.05 6.20 6.30 DNS 14% 8.03 6.58 6.71 6.88 7.01 HRW 11.5% 6.97 6.04 6.33 6.52 6.47 #2 Corn (ton) 232.00 199.00 224.00 228.00 230.00 #2 Barley 180.00 150.00 150.00 150.00 150.00 Wheat...West coast wheat markets recorded modest gains in early-week trade, following the uptick across the futures complex. White wheat bids notched a move back to the $6.15 level for the first time in three months, even with a weakening basis. Cash bids for hard red winter also saw spot basis drop another dime, while dark northern spring basis held steady and but cash bids at the $7 level. Shipments...Weekly export inspections showed a marked rebound in U.S. wheat shipments, coming in more than double the prior week at 19.6 million bushels. This put year-to-date shipments at 535 million bushels, which is 24% ahead of the same period a year ago. Top shipper was hard red spring wheat with 6.5 million bushels, followed by 6.1 million for soft white, 3.6 million for soft red winter and 3.1 million for hard red winter. West coast exporters shipped nearly 10 million bushels of wheat, going mostly to The Philippines, along with 15 million bushels of corn and 5 million bushels of soybeans for China. - Norm Ruhoff Contributing Analyst Copyright 2025 DTN/Telvent. All Rights Reserved.